RWE pulls in its horns on biomass energy development [From the web]

Feb. 22, 2013

RWE pulls in its horns on biomass energy development [From the web]

ESSEN, GERMANY, Feb. 22, 2013 (RISI) - The renewable energies unit of German power and gas utility RWE AG (RWE.XE) is narrowing its focus to concentrate on wind and hydro power, reducing its activities in biomass fuels like wood and straw, presently its third core area in "green" energy production, the company said Friday.

"RWE no longer considers the business with smaller biomass facilities as core business," said a spokesman for RWE Innogy.

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